Page 693-701 ; This book, although it presumes an understanding of basic corporate finance, is renowned for its readability and clear explanation as well as its extensive use of hands-on, real-world applications and student-oriented pedagogy. It is suitable for both final-year undergraduate and master's level courses. The European edition replaces the majority of US examples in the text and questions with alternative UK and European examples. The default currency quoted in general examples is now Sterling or the euro rather than the US dollar. More-advanced topics have been added to extend the discussion, as well as specifically European issues such as the euro, European financial integration and the history of exchange rates.